The “How” In Part 1 of this series, I debunked common misconceptions around using data to improve clinical trials. In Part 2, I discussed the validation of digital health tools, and how to tell which tools might actually enact behavior change. Now, in Part 3, I’d like to look at how pharmaceutical companies can actually build a step-by-step plan for implementing data-driven and agile clinical trial processes that will save time and money. In an attempt to strip down...
In Part 1, I discussed common misconceptions behind why pharmaceutical companies aren’t using data to improve clinical trials processes. Firstly, people often think that digital health solutions are young and unreliable – but in fact, there are options on the market that are incredibly robust and often unknown due to a crowded consumer market. Second, many executives believe that aggregating data points across multiple sources is cumbersome. That, too, is a misconception. In fact, there are companies...
Common misconceptions One of the biggest problems facing the pharmaceutical industry right now is overspending on clinical trials.According to a study published in April 2015 by the Tufts Center for the Study of Drug Development, pharmaceutical development companies spend between $4 and $6 billion each year in unnecessary clinical trial expenses. The problem of inefficient clinical trials is widespread, too: the report found that 1 in 4 trials (24.7%) are inefficient and wildly expensive, and much of this...
Digitization is causing a quantum shift in the quality of India’s Healthcare today. With a current worth of $100 billion, the Indian Healthcare is growing rapidly at 23% CAGR to touch a record-breaking $280 billion by 2020. Ranked among the three largest healthcare markets in the world, India has a massive count of 1,96,312 hospitals. With a population of 1.3 billion, India has only 1 million Allopathic doctors to treat them. Over 79% of the...
1. Check Your Hospital And Doctor Records Who hasn’t experienced some hassle obtaining a medical record? Whether it is to show old records to a new physician, to get immunization records for school, or to have the x-ray handy to show off to your friends, having access to your medical records just flat out makes sense. Unfortunately, this isn’t always as easy as it sounds but the growing acceptance of patient portals it is becoming...
When traveling, it’s easy to get lost in the experience. New sights and cultures pave way for new experiences and places to explore. It’s also the perfect way to relax and break away from your daily routine. But, traveling can also be a stressful experience. There are different time zones to navigate, jet lag, foreign food, and sleep deprivation. The lack of familiarity can often lead to a decreased physical wellbeing, increased levels of stress,...
With the current technological advances, we are endowed continuously with trendy yet functional gadgets and devices that could make our lives easier and more comfortable. From highly responsive smartphones to wireless communications, most of us are already enjoying these developments unknowingly. Since our technology encompasses almost every activity that we do, it would not be surprising that it even healthcare has been digitalized already. Digital health, as it is technically called, involves the use application...
Tinnitus basically means – unpleasant buzzing or ringing in one’s ears. But, despite being a bit annoying, it sounds harmless, right? In reality, tinnitus should be treated very seriously especially because it is not a disease per se; it is a symptom of an underlying condition. In some cases, it can suggest that there is a tumor on a vestibular nerve or in a brain tissue. When this unpleasant symptom occurs make sure to contact...
A good practice management solution is just like an oracle for your office. Often, companies get confused when it comes to buying an electronic practice management solution or system. They get confused because there are 2 types of practice management systems; there are bundled EMRs and then there are 2 interfaced systems. Both of these types result in complications in buying a specific practice management solution. So, here is what you should look for when...
